Courts: ITAT Mumbai
Find latest ITAT Mumbai judgments, orders and case laws on income tax covering assessments, transfer pricing, international taxation, capital gains, TDS, reassessment and penalties.
If a pure question of law arises for which facts are on record of the authorities below, the question should be allowed to be raised if it is necessary to assess correct tax liability
Penalty u/s. 271(1)(c) cannot be imposed on a debatable issue
Benefits granted to a charitable institution cannot be extended to its substantially amended objects
Taxability of income in hands of a non-resident not a relevant consideration for treating a resident to be an agent of a non-resident
DTAA cannot create any fresh tax liability which is not provided under Income Tax Act
If non-resident agent operates outside country, no part of his income arises in India
RPM most appropriate method for computing ALP of transaction wherein the taxpayer involved in purchase & resale of finished goods
Disallowances u/s 40(a) not applicable to charitable trust/institution u/s 11
Will can not be rejected as valid document merely on the ground that it is neither registered nor notarized or was not found during search
DEPB Income Eligible for Deduction U/s. 80HHC irrespective of Turnover
After Filling Appeal appellant can request withdraw of same if Tax Effect not significant
Objective of Sec. 80-O is mainly supply of technical know-how or technical services to developing countries
Itemized sale of assets with intention to transfer entire undertaking is slump sale
In case of closed business Assessee must establish his intention and seriousness in reviving the business
ITAT Mumbai judgments and orders represent an extensive body of income-tax appellate jurisprudence covering individuals, businesses, companies and other taxpayers. This TaxGuru page brings together decisions relating to assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural disputes. Chartered Accountants, advocates, companies, taxpayers and tax professionals can use this collection to research ITAT Mumbai precedents and follow important developments under the Income-tax Act. The page includes recent as well as significant earlier Tribunal decisions published on TaxGuru, providing a comprehensive reference point for direct tax case-law research and appellate practice.
